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At the risk of being simplistic, because so did the "stuff" supply. Inflation is when the money supply increases without the stuff supply increasing, so each do
by zamfi 10y ago
At the risk of being simplistic, because so did the "stuff" supply. Inflation is when the money supply increases without the stuff supply increasing, so each dollar is worth less stuff.
- susan_hall 10y agoIt is worrisome that the posts which are factually accurate are getting downvoted. This raises a question about economic literacy on Hacker News. Presumably the people downvoting this comment simply don't understand how the economy works.